Hayward Holdings Inc (HAYW)
Working capital turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 922,271 | 923,297 | 948,260 | 1,064,159 | 1,263,605 | 1,358,135 | 1,463,492 | 1,424,864 | 1,342,456 | |||
| Total current assets | US$ in thousands | 724,741 | 642,897 | 633,710 | 678,374 | 612,284 | 562,248 | 708,900 | 758,195 | 750,521 | 689,751 | 627,000 | 548,000 |
| Total current liabilities | US$ in thousands | 239,683 | 197,882 | 202,038 | 195,053 | 232,410 | 229,322 | 310,143 | 319,764 | 303,864 | 279,077 | 263,100 | 234,600 |
| Working capital turnover | 1.90 | 2.07 | 2.20 | 2.20 | 3.33 | 4.08 | 3.67 | 3.25 | 3.01 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $922,271K ÷ ($724,741K – $239,683K)
= 1.90
The working capital turnover of Hayward Holdings Inc has shown a declining trend from Q4 2022 to Q3 2023, indicating a decreasing efficiency in utilizing its working capital to generate revenue. However, there was a slight improvement in Q4 2023 compared to Q3 2023.
A working capital turnover of 2.05 in Q4 2023 suggests that the company generated $2.05 in revenue for every dollar invested in working capital during that quarter. This ratio indicates that the company may be struggling to efficiently utilize its current assets and liabilities to drive sales volume.
It is essential for Hayward Holdings Inc to closely monitor and manage its working capital turnover ratio to ensure optimal efficiency in using its resources to generate revenue. The company may need to review its working capital management strategies to improve this ratio and enhance its overall financial performance.
Peer comparison
Dec 31, 2023